Fed's Williams: 'Turbulence' likely if Fed tightens while ECB, BoJ increases stimulus

John Williams
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John Williams

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San Francisco Federal Reserve President John Williams said that "turbulence" is likely if the Federal Reserve tightens while the European Central Bank, and the Bank of Japan increase stimulus, according to Dow Jones.

Williams, who is a voting member of the Fed for 2015, spoke at the annual American Economic Association conference.

Williams also said he expects inflation will move toward the 2 percent target over time, Dow Jones reported. He maintained that the strength of the U.S. economy will be able to overcome any international weakness, according to the wire.

Still, Williams said the pace of the Fed's tightening will probably be "pretty gradual over the next few years," DJ reported.

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